Chapter 04 · Section 4.1

Market Orders

Which of the following are market orders?

a) Buy 3 Calls CBOE S&P 100 Index March 225 at 2 1/4 or better
b) Buy 3 Calls CBOE S&P 100 Index March 225
• c) b and c
  Yes. It is not necessary to specify that the order is a market order. The mere absence of a limit price makes it a market order; however, it is customary to add "MKT" or "market" to such an order. Continue
  d) Buy 3 Calls CBOE S&P 100 Index March 225 market1

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